Cost of Living in Monroe County, Georgia

$881/mo
Median Monthly Rent
$243,200
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$881/mo
5% below state average
Median Home Value
$243,200
14% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Monroe County Compares

Median monthly rent comparison

Monroe County$881/mo
Georgia Average$927/mo
National Median$1,163/mo

Detailed Housing Stats

$881/mo
Median Gross Rent
$243,200
Median Home Value
$1,084/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Monroe County, Georgia

Monroe's higher income eases housing burden

Monroe County's 12.8% rent-to-income ratio is the lowest in this eight-county group and well below the national average, driven by a median income of $82,863—11% above the U.S. average of $74,755. This affluent position makes housing costs feel manageable despite higher absolute prices.

Exceptional affordability for Georgia

At 12.8%, Monroe's rent-to-income ratio significantly undercuts Georgia's 18.6% state average, making it the most affordable county in this cohort. Higher local incomes create the state's strongest housing affordability cushion.

Premium prices, premium incomes

Monroe's median rent of $881 ranks third-highest in the region, but the median home value of $243,200 is second-highest, reflecting a wealthier demographic. Compared to Miller County's $699 rent, Monroe costs more absolutely but strains budgets less due to higher resident incomes.

Ownership premium reflects local wealth

Renters spend $881 monthly while homeowners invest $1,084—the highest ownership cost in the group—on median properties worth $243,200. Despite these elevated numbers, the 12.8% rent-to-income ratio shows Monroe residents absorb housing costs comfortably.

Monroe for affluent relocators seeking value

If your household income exceeds $82,000 and you value premium housing in a prosperous community, Monroe delivers affordable luxury. Verify local employment opportunities match your career trajectory, as the county's affluence reflects strong economic fundamentals worth investigating.

Affordability Calculator

See how your income compares to housing costs in Monroe County

$

Rent Burden

12.8%

of gross income

Max Housing (28% Rule)

$1,933

per month

Owner Cost Burden

15.7%

of gross income

The median home in Monroe County may be a stretch

Median home value is $243,200. Estimated monthly cost: $1,942 vs. your max of $1,933.

Rent Affordability Guide

Your rent-to-income ratio12.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Monroe County, Georgia?
Monroe County, Georgia has a median monthly rent of $881/mo and a median home value of $243,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Monroe County?
The median gross rent in Monroe County is $881/mo. This is 5% below state average for Georgia.
Is Monroe County affordable?
Monroe County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Monroe County's rent compare to the state average?
Monroe County's median rent of $881/mo is 5% below state average of $927/mo for Georgia.
What is the median home value in Monroe County?
The median home value in Monroe County, Georgia is $243,200. This is 14% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.